FuboTV delivered its strongest quarter in the company’s history, growing paid subscribers 58% year-over-year. Revenues climbed 47% year-over-year to $61.2 million.
The 455,000 paid subscribers generated an average of $67.70 each, up 14% compared to a year ago. Users consumed 133.3 million hours of FuboTV programming in the quarter, including 121 hours per month from active users.
Executives credited a strong sports calendar and news cycle as reasons for the growth. FuboTV Executive Chairman Edgar Bronfman also said the company intends to enter the online sports wagering market.
FuboTV Q3 by the Numbers:
$61.2 million in overall revenue, up 47%
$53.4 million in subscription revenue, up 64%
$7.5 million in ad revenue, up 153%
